Highest Interest Term Deposits Australia
The best rate available per term right now, ranked from highest to lowest. Updated daily.
| Rank | Term | Lender | Rate p.a. | Interest paid | Min deposit |
|---|---|---|---|---|---|
| #1 | 5yr | Judo Bank Challenger | Annually | No minimum | |
| #2 | 1yr | MOVE Bank Neo | At maturity | $5k | |
| #3 | 18mo | MOVE Bank Neo | Annually | $5k | |
| #4 | 2yr | MOVE Bank Neo | Annually | $5k | |
| #5 | 3yr | Judo Bank Challenger | Annually | No minimum | |
| #6 | 6mo | Heartland Bank Challenger | Semi-annually | $5k | |
| #7 | 3mo | MyState Bank Credit union | Quarterly | No minimum |
🔔 Rates change frequently. Get a free email when they do.
Best available rate per term across all lenders. Rates are p.a. (per annum). See full comparison across all banks.
Which term has the highest rate?
The table above shows the single best rate available for each term length right now. Rates shift frequently as banks adjust to RBA decisions and funding needs — the term with the highest rate today may not be the same next month.
In general, longer terms command higher rates, but this isn't always true. When banks expect rates to fall, they often offer their best rates on shorter terms to lock in cheaper funding now.
Popular term comparisons
Alert me when top rates change
We'll email you whenever any Australian bank changes their term deposit rates. Free.
No spam. Unsubscribe in one click.